Former State Legislator Admits Lying About Collateral for Loans

Trent K. LeDoux, 40, Holton, Kansas, a former Kansas state legislator, pleaded guilty to defrauding Farmers and Merchants Bank, Colby, Kansas, of more than $465,000, some of which he deposited in his campaign account.

The defendant pleaded guilty to one count of bank fraud. In his plea, he admitted he applied for three loans from the bank, falsely representing that he was going to use all the funds to buy cattle that would serve as the collateral for the loans. In fact, he used some of the money to pay off existing debts and to make contributions to his political campaign account.

Sentencing is set for August 11. He faces a maximum penalty of 30 years in federal prison and a fine up to $1 million.

U.S. Attorney Barry Grissom announced the guilty plea.

Grissom commended the FBI and Assistant U.S. Attorney Richard Hathaway for their work on the case.

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